CHESTERBROOK, Pa. (AP) — AmerisourceBergen Corp. (ABC) on Thursday reported fiscal second-quarter profit of $411.5 million.
The Chesterbrook, Pennsylvania-based company said it had profit of $1.86 per share. Earnings, adjusted for one-time gains and costs, came to $1.77 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share.
The prescription drug distributor posted revenue of $37.15 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $38.31 billion.
AmerisourceBergen expects full-year earnings in the range of $5.77 to $5.92 per share.
AmerisourceBergen shares have increased roughly 6 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed nearly 7 percent. The stock has dropped slightly more than 3 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research.
Follow us on Twitter and Facebook for updates on the latest pharmaceutical and biopharmaceutical manufacturing news!